SBM Offshore N.V. has announced that together with its Joint Venture partners, QGOG Constellation and Mitsubishi Corporation, a Limited Recourse Project Loan has been secured for US$ 1.05 billion to finance the construction of the FPSO Cidade de Ilhabela. The Facility has been designed to allow acceding Banks to join the transaction up to a [...]
August 3, 2012 | Posted in
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Despite the considerable hold-back in the economy, according to the Golden Destiny’s Annual Newbuilding Report, 62% of the overall orders for the first quarter of the year in bulk carrier sector belong to Greece, Shipping Herald reports. It appears that Greece managed to outnumber the Chinese market players when it comes to newbuilding activity, since [...]
![Qatar to Spend USD 1 Billion in Retrofitting and Upgrading Its Tanker Fleet]()
Qatar made a billion dollar error when it built its liquefied natural gas shipping fleet in the last decade, for which consumers may have to… (ArabianBusiness ) Source: ArabianBusiness , October 10, 2011;
![Russia: STX, United Shipbuilding Sign MOU on USD 1 Billion Shipyard Project]()
South Korean shipbuilding and shipping conglomerate the STX Group said Monday it has signed an initial deal to build a $1 billion shipyard… (YahooNews) Source: YahooNews, June 20, 2011;
![Italy: Saipem Wins New E&C Offshore Contracts Worth USD 1 Billion]()
Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. In Egypt, Burullus Gas Company awarded Saipem the EPIC contract for new subsea developments in the area of the West Delta Deep Marine Concession, located about 90 kilometres offshore the Northwest [...]
